NSESale or disposal30 Sept 2026 · 30 Sept 2026, 07:12 pm
Sale or disposal
Fabtech Technologies Limited · FABTECH
✦ AI SummaryDivestiture
Fabtech Technologies Limited has informed the Exchange about the execution of a Settlement Agreement for the sale of its shareholding in TSA Process Equipments Private Limited to Thermax Limited, with the revised consideration of Rs. 13,98,60,000.
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Fabtech Technologies Limited has informed the Exchange about Sale or disposal
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FABTECH_30092026191048_Intimation_under_Reg_30_Signed.pdf
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Date: September 30, 2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, C-1, Block G, Listing Department
Bandra Kurla Complex, Floor 25, P J Towers,
Bandra (East), Mumbai – 400051 Dalal Street, Mumbai – 400001
Maharashtra, India. Maharashtra, India.
Symbol: FABTECH Scrip Code: 544558
Dear Sir/Madam,
Subject: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (‘SEBI Listing Regulations’)
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), we wish to
inform you that the Company has, on September 29, 2026, executed a Settlement Agreement, in
connection with the sale of the Company’s shareholding in TSA Process Equipments Private
Limited (“TSA”).
The Company had, pursuant to the approval of its Board of Directors dated February 05, 2024,
entered into a Share Purchase Agreement dated February 06, 2024 (“SPA”) with Thermax
Limited and other parties thereto for the sale of the Company’s shareholding in TSA to Thermax
Limited, proposed to be completed in two tranches in accordance with the terms and conditions
stipulated under the SPA.
The first tranche of the transaction was completed in April 2024. Pursuant thereto, Thermax
Limited acquired 51% of the share capital of TSA. The second and final tranche relates, inter
alia, to the sale of 2,23,440 equity shares held by the Company in TSA to Thermax
Limited.Subsequent to the execution of the SPA, the parties have mutually agreed to revise
certain terms relating to the consideration payable in respect of the second tranche. Accordingly,
the Settlement Agreement has been executed to record and give effect to the revised terms and
conditions, including the revised consideration, and to facilitate completion of the second and
final tranche of the transaction.
The execution of the Settlement Agreement does not alter the underlying objective of the
transaction, i.e., the sale of the Company's remaining shareholding in TSA to Thermax Limited,
and is intended to give effect to the mutually agreed revised terms for completion of the second
and final tranche.
The requisite disclosure as required under Regulation 30 of the SEBI Listing Regulations is
enclosed herewith as ‘Annexure A’.
The above details will also be available on the website of the Company at
www.fabtechnologies.com
We request you to kindly take the same on record.
Thank you.
Yours faithfully,
For Fabtech Technologies Limited
Hemant Mohan Anavkar
Executive Director
DIN: 00150776
Annexure A
(Disclosure under Regulation 30 of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015)
Enter into a Settlement Agreement and amendment to the consideration for sale of
shares held in TSA Process Equipments Private Limited
Particulars Details
the amount and percentage of the turnover or Turnover/ Revenue/Income- NIL
revenue or income and net worth contributed Net worth contributed by such unit: NIL
by such unit or division or undertaking or
subsidiary or associate company of the listed
entity during the last financial year;
date on which the agreement for sale has been September 29, 2026
entered into;
the expected date of completion of October 05, 2026
sale/disposal;
consideration received from such Rs. 13,98,60,000/-
sale/disposal;
brief details of buyers and whether any of the The equity shares of TSA Process Equipments
buyers belong to the promoter/ Pvt Ltd are being bought by M/s. Thermax
promoter group/group companies. If yes, Limited and they are not related to Promoter/
details thereof; promoter group/group companies
whether the transaction would fall within No, not a related party
related party transactions? If yes, whether the
same is done at “arm’s length
whether the sale, lease or disposal of the No
undertaking is outside Scheme of
Arrangement? If yes, details of the same
including compliance with regulation 37Aof
LODR Regulations
additionally, in case of a slump sale, Not Applicable
indicative disclosures provided for
amalgamation/merger, shall be disclosed by
the listed entity with respect to such slump sale